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2014 Year-End Housing Report: Local Home Prices Increased in All Categories in Merrimack Valley for the 2nd Straight Year

Single-Family Volume and Prices Had a Strong Fourth Quarter

 

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(MERRIMACK & NASHOBA VALLEYS) — The Northeast Association of REALTORS® (NEAR) reported today that the combined sales of single-family homes sold in the 15 cities and towns from Boxford to Littleton from January through December had median sales price of $350,000,  an increase of  4.5  percent compared with the median of $334,900 in January through December of 2013.  The median sales price for condominiums sold January through December was $205,000, a 4.7 percent increase over the median of $195,800 recorded in January through December of 2013.  Multi-Family prices increased 10.4 percent, with a median of $275,000, compared to $249,000 in January through December of 2013.   This report is based on data from MLS Property Information Network in Shrewsbury.

The fourth quarter numbers showed positive trends in prices and sales volume.  Single-family, condominium, and multi-family sale prices and volume were higher from October-December 2014 than October-December 2013.  

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Commenting on the area’s home sales market, NEAR President Ryan Schruender said, “2014 was overall a strong year for prices and a mixed year for sales volume.  While prices were up in all categories, the increases were not as dramatic as we saw in the market shift from 2012 to 2013.  What this means for homeowners is they might consider listing their home for sale to capture these increases and take advantage of a market with eager homebuyers.”   

The Northeast Association of REALTORS® is one of 1,500 local chapters of the National Association of REALTORS®. Officially, NEAR covers 15 cities and towns from Boxford to Littleton, though it has members from more than 50 cities and towns in the Merrimack and Nashoba valleys as well as southern New Hampshire.  The term, REALTOR®, is a trademark for use exclusively by members of the National Association of REALTORS®, whose members subscribe to a strict Code of Ethics.

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  • For more info, contact NEAR CEO Brian Doherty (978-577-6138 x11 or Brian@NortheastREALTORs.com). 
  • For comment, contact NEAR President Ryan Schruender (978-869-6880 or rschruender@gmail.com  ).
  • Please note that the term REALTOR® is properly spelled with an initial capital R, per the AP Stylebook.
ValleyPatriot

ValleyPatriot

The Valley Patriot is a free monthly print newspaper serving Northern Massachusetts, and Southern New Hampshire. The print edition is published by the 10th of each month and is distributed to 51 cities and towns.

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